

Chart Of The Week – June 5th 2023
Last week we demonstrated the negative impact of falling rates combined with softening occupancy as markets struggling with new supply pressure have seen revenue per available unit (RevPAU) fall significantly.
Last week we demonstrated the negative impact of falling rates combined with softening occupancy as markets struggling with new supply pressure have seen revenue per available unit (RevPAU) fall significantly.
Markets struggling with new supply issues are facing dual pressures from occupancy and net effective rent declines, resulting in significant performance issues. Many sunbelt markets in the southeast and southwest are grappling with rapidly declining revenue per available unit.
Two weeks ago, our chart of the week focused on domestic migration, and some of the strongest counties for in-migration were located in Texas, Florida and the Carolinas.
Interest rates have increased across the yield curve since early 2022, however the short end of the curve has moved much faster and risen more than the 10-year treasury.
Both traffic and new leases signed have been steadily increasing, and after bottoming out in late January, the closing ratio has been growing quickly as well. While all three metrics remain slightly below their levels from this time last year, this year’s growth trajectory is stronger than it was a year ago.
We are excited to share with you the Chart of the Week! Through our real-time data, we are building a series of visuals, charts, and graphs depicting the most important trends in the multifamily industry. This week we are analyzing who is leading the nation in traffic.
We are excited to share with you the Chart of the Week! Through our real-time data, we are building a series of visuals, charts, and graphs depicting the most important trends in the multifamily industry. This week we are analyzing who is leading the nation in traffic.
We are excited to share with you the Chart of the Week! Through our real-time data, we are building a series of visuals, charts, and graphs depicting the most important trends in the multifamily industry. This week we are analyzing who is leading the nation in traffic.
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